Memphis Home Sellers Might Just Say This to their Agent

1) We need to sell at this price because we need the money.
2) I thought we priced it correctly to begin with.
3) We can always reduce the price later on.
4) Any prospective buyer can just make an offer.
5) Can we just try this price for the first couple of weeks?

When you hear this from someone who wants to sell their home, they don't understand the market and their agent may not be presenting the facts to them on the current market conditions. Also, this seller may only "want" to sell their home. You might even rethink it before you take on a listing and spend your time and efforts marketing an overpriced home in this market.

On the other hand, if someone "needs" to sell their home and they are provided with the current sales information on homes comparable to their own home, and with professional advice, are more likely to price their home to sell in this market.

Harold Crye is right....You must win the Price Contest and the Beauty Contest in order to sell your home today. If you lose in either category, then you will be waiting and waiting to sell your Memphis area Home.